Tuesday, 12 July 2011

gulfnews : Emirates superjumbos fully funded for next year

Emirates, investing in a wide-body jet fleet including 90 Airbus A380 superjumbos worth $34 billion (Dh124.8 billion) at list prices, said financing the planes isn't a concern and that it's fully funded through July 2012.

A $1 billion bond issue last month was "opportunistic" and Emirates would consider a further sale given "suitable" pricing, Gary Chapman, President of Dnata and Services, Emirates Group, said in an interview.

The world's biggest international airline would consider seeking a credit rating if such a move appeared advantageous, he said.


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